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Recent New York Appellate Decision Highlights That Cannabis Companies Going Public are Subject to Typical Securities Litigation Risks—and Defenses

The Blunt Truth

As highlighted in the recent New York State Appellate Court decision In The Matter of Sundial Growers, Inc. The complaint at issue was filed in New York State court in September 2019, shortly after the IPO. New York, in particular, has experienced a high volume of Securities Act filings in its state courts.

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Hemp-CBD Across State Lines: Idaho

Canna Law Blog

In turn, states have the option to maintain primary regulatory authority over the crop cultivated within their borders by submitting a plan to the USDA. This federal and state interplay has resulted in many legislative and regulatory changes at the state level. Each Sunday we will summarize a new state in alphabetical order.

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Can you fly with delta-8 products?

The Cannigma

The short answer is yes – you can fly with delta-8, as long as you’re flying domestically in the US to and from states where it is legal. Despite this, delta-8 THC is not explicitly federally legal and legality varies by state. Federal regulations state that no hemp-derived product can exceed 0.3% What is Delta-8?

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Hemp-CBD Across State Lines: Special Update on USDA Hemp Rules

Canna Law Blog

In turn, states have the option to maintain primary regulatory authority over the crop cultivated within their borders by submitting a plan to the USDA. This federal and state interplay has resulted in many legislative and regulatory changes at the state level. Each Sunday, we summarize a new state in alphabetical order.

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Oregon Hemp Litigation: Bad Contract = Big Federal Court Claims

Canna Law Blog

One-page MOU for $7.5 The lead plaintiff (Jupiter) is a Delaware limited liability company building a “Soil to Oil” industrial hemp/CBD operation in Oregon that includes the cultivation, processing and marketing of industrial hemp. It is a short, one-page document for a purported $7.5 million deal?!?

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Kutak Rock: Ex-Partner’s Suit Over Cannabis Venture Fails

Cannabis Law Report

A Chicago attorney is accusing his former law firm, Kutak Rock, of legal malpractice after the firm allegedly tried to usurp control of his cannabis business and put its own out-of-state clients in charge instead. “I don’t know their motivation,” said Tyson, who was a partner at Kutak Rock before leaving the firm.

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NORML: COVID-19 Recommendations

CannaMD

.” For information on getting your Florida medical marijuana card during the COVID-19 pandemic, please see CannaMD ‘s Coronavirus Resource Page. There are several million state-licensed medical cannabis patients in America. NORML Recommendations: Legalized Cannabis States. NORML: COVID-19 Memo to Lawmakers.

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